System1 (SST) Change in Receivables (2021 - 2026)
System1 (SST) posted Change in Receivables of -$4.0 million for Q1 2026, down 211.01% sequentially from $3.6 million in Q4 2025, and down 248.88% YoY from $2.7 million in Q1 2025.
System1 (SST) Change in Receivables (2021 - 2026) Analysis & Trends
System1 has reported Change in Receivables for 6 years, with the latest figure at -$4.0 million in Q1 2026.
- Quarterly Change in Receivables fell 248.88% year-over-year to -$4.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$7.8 million (down 186.39% YoY) and the FY2025 annual result came in at -$4.9 million, down 172.43% from the prior year.
- Change in Receivables retreated to -$4.0 million in Q1 2026 per SST's latest filing, from $3.6 million in the prior quarter.
- Over five years, Change in Receivables peaked at $14.8 million in Q1 2022 and troughed at -$15.9 million in Q3 2025.
- A 5-year average of -$1.6 million and a median of -$3.1 million in 2023 frame the typical range for Change in Receivables.
- The sharpest annual moves came in 2022 and 2024: Change in Receivables sank 341.02% in 2022, then surged 288.88% in 2024.
- Over 5 years, Change in Receivables stood at $2.1 million in 2022, then plunged by 248.5% to -$3.1 million in 2023, then surged by 273.07% to $5.3 million in 2024, then tumbled by 31.65% to $3.6 million in 2025, then tumbled by 211.01% to -$4.0 million in 2026.
- According to Business Quant data, Change in Receivables over the past three periods registered -$4.0 million, $3.6 million, and -$15.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | 10.42 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | -67.52 Mn |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | 185.71 Mn |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | - |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | 44.72 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | -24.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | -105.57 Mn |
| 10 | System1 | 15.51 Mn | -25.49 Mn | 24.27 Mn | -12.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -12.28 Mn |
| Jun 30, 2026 | -12.28 Mn |
| Mar 31, 2026 | -4.03 Mn |
| Mar 31, 2026 | -4.03 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Mar 31, 2024 | -3.39 Mn |